Exposure Drafts, Comment Letters, and Statements of Position
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Description
This Statement of Position (SOP) rescinds the second sentences of paragraphs 10, 37, 41, and 57 of SOP 97-2, Software Revenue Recognition, which limited what is considered vendor-specific objective evidence of the fair value of the various elements in a multiple-element arrangement. This SOP also amends certain examples in SOP 97-2 for the rescission of these sentences, and it adds one example. All other provisions of SOP 97-2 remain in effect. This SOP is effective for transactions entered into in fiscal years beginning after December 1 5, 1998.
Publication Date
1998
Relational Format
Book
Keywords
Computer software industry -- Licenses -- Accounting -- Standards -- United States; Fair value -- Accounting -- Standards -- United States
Disciplines
Accounting | Taxation
Recommended Citation
American Institute of Certified Public Accountants. Accounting Standards Executive Committee and American Institute of Certified Public Accountants. Software Revenue Recognition Working Group, "Proposed Statement of Position : Modification of the limitations on evidence of fair value in software arrangements : (a proposed amendment to SOP 97-2, Software revenue recognition) ;Modification of the limitations on evidence of fair value in software arrangements : (a proposed amendment to SOP 97-2, Software revenue recognition); Exposure draft (American Institute of Certified Public Accountants), 1998, July 31" (1998). Exposure Drafts, Comment Letters, and Statements of Position. 638.
https://egrove.olemiss.edu/aicpa_sop/638
Comments
Originally published by: American Institute of Certified Public Accountants; Copyright and permission to reprint held by: American Institute of Certified Public Accountants.